MULTI - FAMILY STAT / PROFORMA SHEET          
Property Address: 803 Saddlewood  
City: Gardner State: KS Zip   BRICE BRADSHAW
Date:     Listing Price: $192,000 Phone: 913-901-6305
MLS No.    
Directions:    
www.kccommercial.net
Unit Description     Current Rental Data         Market Rental Data
# of Units # Bed # Bath Unit Rent Mo. Rent Yearly Rent Unit Rent Mo. Rent Yearly Rent
1 1 1 $560 $560 $6,720 $580 $580 $6,960
1 1 1 $560 $560 $6,720 $580 $580 $6,960
1 1 1 $560 $560 $6,720 $580 $580 $6,960
1 1 1 $550 $550 $6,600 $580 $580 $6,960
      $0 $0 $0 $0 $0 $0
      $0 $0 $0 $0 $0 $0
TOTALS $2,230 $26,760 TOTALS $2,320 $27,840
 PROFORMA §         §
6          GROSS SCHEDULED INCOME: $26,760   % GSI % GSI   $27,840
7        Vacancy and Credit Losses: $669 Â 2.5%[1] 2.5%[2] ¨ $696
8 Other Income: $100 Â 0.4% 0.4% ¨ $100
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $26,191   % AGI % AGI   $27,244
10  Accounting and Legal: $250 Â 1.0% 0.9% ¨ $250
11                                      Advertising: $0 Â 0.0% 0.0% ¨ $0
12           Repair and Maintenance: $3,600 Â 13.7% 13.2% ¨ $3,600
13                                         Insurance: $750 Â 2.9% 2.8% ¨ $750
14                                 Management: $2,087 Â 8.0%[3] 8.0%[4] ¨ $2,172
15                                                 Taxes: $2,600 Â 9.9% 9.5% ¨ $2,600
16 HOA: $720 Â 2.7% 2.6% ¨ $720
17 Electric: $50 Â 0.2% 0.2% ¨ $50
18 Gas: $50 Â 0.2% 0.2% ¨ $50
19 Water & Sewer: $50 Â 0.2% 0.2% ¨ $50
20  Other:     Â 0.0% 0.0% ¨  
21 Total Expenses(sum L10 - L20): $10,157 Â 38.8% 37.6% ¨ $10,242
22 Net Operating Income(L9 minus L21): $16,034         $17,002
23 Less Annual Debt Service: 8,501 Â 32.5% 31.2% ¨ 8,501
24 Net Income (Cash Flow) L22-L23): 7,533 8,502
25 CAP RATE (NOI ü PURCHASE PRICE): 8.35% 8.86%
26 RETURN ON INVESTMENT (NI ü DOWN): 15.69% 17.71%
           Estimated Financing              
Purchase Price: $192,000 4.25% :Interest      
25%  Down: $48,000 30 :Years Amortized    
Amount Financed: $144,000 $708.39 :P&I Monthly Payment          
Description: HOA includes trash, snow removal and lawn care. 
 
 
 
 
 
 
 
 
This property summary includes assumptions, which represent a projection of future events and assumptions which may or may not occur.  Absolutely no tax or legal advice is being implied or given.  These projections may not and should not be relied upon to indicate results, which might be obtained.  Income collected and expenses incurred will vary depending upon the type of management employed.  Therefore, all information provided is solely for the purpose of permitting parties to determine whether or not the property is of such type and general character as might interest them in this purchase, and Reece and Nichols and Nichols Realtors/Hargis Real Estate Group makes no warranty as to the accuracy of such information.  Interested persons are expected to acquaint themselves with the property and arrive at their own conclusions as to physical condition, number and occupancy of revenue producing units, estimates of operating costs, tax matters and any factors having to do with the valuation of property.

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